BANKING SECTOR IN THE CONDITIONS OF COMPETITION WITH FOREIGN CAPITAL: SYSTEMATIZATION OF COUNTRY EXPERIENCE AND TRENDS

Abstract

The experience of the world countries concerning the effect of foreign capital on the banking sector in the pre-crisis, crisis and post-crisis economy has been systematized in the article. The global trends in aggregate indicators of the proportion of the number of foreign banks and their assets have been identified. It was shown that in the pre - crisis throughout the world was observed, and the relative level of the number of foreign banks was much higher than the relative level of their share in assets. The crisis has had a negative impact on the processes of internationalization. The features for countries with polar counter-position, economically developed countries, new EU members have been determined. Attention is focused on trends in the banking sector of the post-Soviet states in conjunction with the conditions of competition. In the post-Soviet states, the indicators of the presence of foreign banks are in most cases exceeding the global figures. The significant impact of foreign capital in the banking sector of Armenia, Georgia, Estonia, Latvia, and Lithuania has been established. In Ukraine, under the impact of the crisis and military-political actions, the level of indicators of foreign capital is reduced.